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Guideline Value

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Guideline Value for AGATHIYAR NAGAR EXTENSION 1st STREET

₹4900/sq.ft.

The guideline value for Agathiyar Nagar Extension 1st Street in Villivakkam village (Villivakkam SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Villivakkam

Village

Villivakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Agathiyar Nagar Extension 1st Street

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AGATHIYAR NAGAR EXTENSION 1st STREET guideline value

The current guideline value of AGATHIYAR NAGAR EXTENSION 1st STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of AGATHIYAR NAGAR EXTENSION 1st STREET has changed

The guideline value for AGATHIYAR NAGAR EXTENSION 1st STREET has seen several revisions over the years. In 2007, the value was Rs 1,750 per sq.ft, which increased to Rs 4,500 per sq.ft in 2012. However, it dropped to Rs 3,015 per sq.ft in 2017. The subsequent revision in 2023 raised it to Rs 4,500 per sq.ft, and the latest revision in 2024 set it at Rs 4,900 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by a 9% rise from 2023 to 2024. The overall change from 2007 to 2024 reflects a significant increase of 180%. The fluctuations in values indicate varying trends in the guideline value over the years, with the highest recorded in 2024.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which is the same as the guideline value for AGATHIYAR NAGAR EXTENSION 1st STREET.

Stamp duty and registration fee for property in AGATHIYAR NAGAR EXTENSION 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, leading to a total of Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers AGATHIYAR NAGAR EXTENSION 1st STREET?

AGATHIYAR NAGAR EXTENSION 1st STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Villivakkam

The guideline value is a crucial factor when registering property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both the buyer and seller understand the property's worth as recognized by the government. This value is essential for calculating the applicable taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of AGATHIYAR NAGAR EXTENSION 1st STREET?

The current guideline value of AGATHIYAR NAGAR EXTENSION 1st STREET is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 180% over the years.

What is the land classification of AGATHIYAR NAGAR EXTENSION 1st STREET?

AGATHIYAR NAGAR EXTENSION 1st STREET is classified as Residential Class III Type - II.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 at a rate of 7%.

Which office handles property registrations in Villivakkam?

The Villivakkam Sub Registrar Office handles property registrations in Villivakkam. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.